A blog for sharing of information and for a healthy discussion on Bank employees issues!!
*Please send news related to Bank Employees and your Queries, to my e-mail vetrinicchayam@gmail.com*
Follow me on facebook http://www.facebook.com/indianbankkumar

Tuesday, December 24, 2013

“Pursuant to the massive success of our strike action on 18th December,
2013, a meeting of UFBU was held in Hyderabad yesterday i.e. 23rd instant,
which was presided over by Com. K K Nair, Chairman of UFBU.

The meeting expressed its condolence over the sad and sudden demise of
Labour Minister Sri Sis Ram Ola who passed away recently.

The meeting congratulated all the Constituent Unions, their units and the
entire rank and file of members for the massive success of the strike on
18th December, 2013 which was meant to express our resentment over the
delay in the wage revision talks and against the inadequate offer made by the
IBA in response to the demand of the UFBU for a fair revision of wages looking
to the steep inflation. The strike was also meant to register our protest against
the unwarranted banking reform measures of the Government and demanding
reversal of these policies.

The meeting thanked all the Central Trade Unions for their support to our
strike action and also thanked the United Forum of Reserve Bank Officers and
Employees (AIRBEA, AIRBWF, AIRBOA) and All India Insurance Employees
Association for the solidarity and fraternal support to our struggle.

The Convenor informed that after issuance of strike notice on
2nd December 2013, IBA came with an initial offer of 5% increase on pay slip
components of all workmen and officers

Sunday, December 15, 2013

Full text of Circular No. UFBU/2013/11, dated 14.12.2013, issued by United Forum of Bank Unions----------------------------------------------------------------------------------- “Further to the call given by UFBU for All India Strike on 18th December, 2013, IBA held discussions with UFBU today in Mumbai. IBA was represented by Mr. T M Bhasin, Chairman of the Negotiating Committee, Mr. M V Tanksale, the newly appointed Chief Executive of IBA and other members of the Negotiating Committee. From UFBU, representatives of all our constituent unions were present.

From the IBA, it was stated that looking to the stress on the profitability

Friday, December 6, 2013

Officers’ Service Regulations – Fitment
on promotion from one Scale to a higher Scale Procedure for Fitment of pay of
officers on promotion from one scale to another.

1.At
the time of fitment of an officer on promotion to the higher scale of pay, the
number of increment he would have/had earned i.e., one increment each for
passing JAIIB/CAIIB Examination, as the case may be, shall be first reduced
from the existing pay of the concerned officer prior to his fitment in the
higher scale of pay on promotion. If, however, the officer is at the maximum of
the scale, the following procedure should be adopted:

(i)If
the stagnation at the maximum of the scale is less than one year, the officer
would not be drawing any Professional Qualification Pay. Then the number of
increments i.e., one increment for JAIIB/CAIIB, as the case may be, included in
his Basic Pay shall be reduced in the existing scale.

(ii)If
the stagnation at the maximum of the scale is for a year or more but for less
than 2 years, the officer would be drawing a Professional Qualification Pay of
Rs 410/- p.m. In such cases, if he had passed both JAIIB/CAIIB before the date
of promotion, then one increment shall be reduced in the existing scale. If,
however, such Professional Qualification Pay of Rs 410/- p.m. is for JAIIB
only, then no increment need be reduced from the existing scale.

2.If
the stagnation at the maximum of the scale is for 2 year or more, the officer
who has passed both JAIIB/CAIIB before the date of promotion, would be drawing
a Professional Qualification Pay of Rs 1030/- p.m. In this case, there would be
no scope for reducing the increments for JAIIB/CAIIB as even without CAIIB
increments the officer would be at the maximum of the scale.

Note: The
purpose of the above exercise is to determine as to what stage of scale of pay
the officer would havebeen, had he not been granted increments for
passing JAIIB/CAIIB.

All India Bank
Employees Association, the oldest and the largest trade union of bank employees
in India representing more than 5 lacs of bank employees working in public
sector banks, private banks, foreign banks, co-operative Banks and Regional
Rural Banks is observing 5th December, 2013 as All India Demands Day
to highlight the issue of huge increase in the bad loans in the Banks.

Increasing bad loans – effect of banking reforms: Banks are dealing with the hard-earned
savings of the people and today, the total Deposits in the Banks in India have
crossed Rs. 75 lacs crores. This
precious money of the people needs to be safeguarded and guaranteed by proper
regulations in the Banks. But the in the
name of reforms and liberalisation, banking regulations are being de-regulated. One of the main adverse effect of this
de-regulation is the increase in bad loans in the Banks where the big borrowers
take loans from the Banks and do not repay.

Monday, December 2, 2013

HR
& INDUSTRIAL RELATIONS

No.CIR/HR&IR/76/582/2011-12/2998

April 25, 2011

Designated Officers of Member Banks
which are

parties to Bipartite Settlement

Dear Sirs,

Fitment
formula on promotion from Clerical to
Officer cadre

We
invite reference to our circular No. PD/CIR/76/582/565 dated 12.8.2006
enclosing the formula for giving fitment to clerical staff on promotion to
officer cadre. Consequent upon the revision of the pay scales and allowances
for workmen staff under the Ninth Bipartite Settlement as also for officers
under the Officers’ Service Regulations w.e.f. 1.11.2007, a review of the
existing fitment formula had become necessary.

The
matter was considered by the Personnel Committee of IBA at its meeting held on
25th March 2011 and Managing Committee of IBA at its meeting held on
29th March 2011. The
Committees have approved the continuation of the 2006 model, as adapted to the
current pay scales, for fitment of clerical staff on promotion to officer cadre
in JMG Scale I on or after 1.11.2007. The new fitment formula with related
guidelines is enclosed in Annexure.

Sunday, December 1, 2013

CONVENTION OF CENTRAL TRADE UNIONSCLARION CALL FOR MORCHA TO PARLIAMENT ON 12.12.2013MOBILISE AND JOIN IN LARGE NUMBERS
*****************************************
Members have already been informed of the decisions taken in the
Convention of all the Central Trade Unions and various other independent trade
unions that was held in Delhi on 6th August, 2013, to which UFBU was also
invited and the representatives of all the constituent unions particiapted.
Members are also aware that a clarion call was given from the Convention to
organise a massive morcha to Parliament on 12th December, 2013 to focus the
following 10 point charter of demands:
• Concrete measures to contain price rise;
• Concrete measures for employment generation;
• Strict enforcement of labour laws;
• Universal social security cover for organized and unorganized workers and
creation of National Social Security Fund;
• Stoppage of disinvestment in Central and State PSUs / Undertakings;
• No Contractorisation of work of permanent / perennial nature and
payment of wages and benefits to the contract workers at the same rate
as available to the regular workers of the industry / establishment;
• Amendment of Minimum Wages Act to ensure universal coverage
irrespective of the schedules and fixation of statutory minimum wage at
not less than Rs.10, 000/- linked with cost price index;
• Remove all ceilings on payment and eligibility of Bonus, Provident Fund;
Increase the quantum of gratuity;
• Assured Pension for all;
• Compulsory registration of trade unions within a period of 45 days and
immediate ratification of the ILO Conventions Nos. 87 and 98.